Infosys Ltd. (INFY) Given Consensus Recommendation of “Hold” by Brokerages
Infosys Ltd. (NYSE:INFY) has been assigned an average rating of “Hold” from the sixteen brokerages that are presently covering the firm. Thirteen research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.36.
A number of research firms have recently weighed in on INFY. Cantor Fitzgerald restated a “hold” rating and issued a $17.00 target price on shares of Infosys in a report on Monday, September 12th. HSBC downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Wells Fargo & Co. restated a “hold” rating on shares of Infosys in a report on Tuesday, August 16th. Wedbush began coverage on shares of Infosys in a report on Thursday, September 8th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Infosys from a “sell” rating to a “hold” rating in a report on Wednesday, September 21st.
Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Infosys by 671.7% in the first quarter. Wellington Management Group LLP now owns 1,610,371 shares of the company’s stock valued at $30,630,000 after buying an additional 1,401,692 shares during the period. A.R.T. Advisors LLC bought a new stake in Infosys during the first quarter valued at about $1,602,000. Panagora Asset Management Inc. boosted its stake in shares of Infosys by 4.3% in the first quarter. Panagora Asset Management Inc. now owns 587,095 shares of the company’s stock valued at $11,167,000 after buying an additional 24,084 shares during the last quarter. Logan Capital Management Inc. boosted its stake in shares of Infosys by 13.1% in the first quarter. Logan Capital Management Inc. now owns 78,434 shares of the company’s stock valued at $1,492,000 after buying an additional 9,100 shares during the last quarter. Finally, Origin Asset Management LLP acquired a new stake in shares of Infosys during the first quarter valued at $17,289,000. 17.69% of the stock is owned by institutional investors.
Infosys (NYSE:INFY) traded up 0.43% during trading on Wednesday, reaching $14.12. 3,110,764 shares of the company were exchanged. The company’s 50-day moving average price is $15.22 and its 200-day moving average price is $16.74. The stock has a market capitalization of $32.27 billion, a P/E ratio of 15.35 and a beta of 1.00. Infosys has a 1-year low of $13.74 and a 1-year high of $20.47.
Infosys (NYSE:INFY) last announced its quarterly earnings results on Friday, October 14th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $2.59 billion for the quarter. Infosys had a net margin of 21.19% and a return on equity of 22.84%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that Infosys will post $0.94 EPS for the current year.
The business also recently disclosed a dividend, which was paid on Wednesday, October 26th. Shareholders of record on Monday, October 24th were given a $0.17 dividend. The ex-dividend date was Thursday, October 20th. Infosys’s dividend payout ratio (DPR) is 36.96%.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
Receive News & Stock Ratings for Infosys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys Ltd. and related stocks with our FREE daily email newsletter.